The protracted takeover of Birmingham City has been completed by the Chinese firm Trillion Trophy Asia.
TTA's buyout comes 16 months after the group were given a two-year exclusivity period to purchase the club.
Shares in Blues' parent company Birmingham International Holdings Limited resumed trading on the Hong Kong Stock Exchange on Monday.
TTA, controlled by businessman Paul Suen, have acquired more than 50% shares in the Championship side.
The sale ends the club's seven-year association with Carson Yeung, who was convicted of money laundering in 2014.
"A line can formally be drawn under the old regime and we can continue to plan ahead for a brighter Blues future," said a club statement.
"The club's parent company, Birmingham International Holdings Limited (BIHL), has resumed trading on the Hong Kong Stock Exchange and is now in the expert hands of Trillion Trophy Asia Limited.
"We welcome all at TTA into the Blues family and we look forward to exciting times ahead at St Andrew's under their guidance and with their backing."